APRIL 26, 2017
NAPA, CA – Gantry™ has arranged a $6,700,000 in fixed-rate financing for Marina Vista, a 42 unit garden style apartment complex in Napa, CA. Robert Slatt, Principal, and Charlie Kokernak, Associate, of Gantry arranged the acquisition financing with a national bank, which will be fixed for the first seven years of the 30-year fully-amortizing term. The loan features interest-only payments during the first two years, followed by a 30-year amortization, which increases property cash flow during the first few years of ownership to allow for property renovations as needed.
Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services nearly $10 billion representing over 1,100 loans located throughout the country. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.